Around the block

5030sq m multi-bay warehouse plus offices on

9968sq m light industry site, at 18 Noel Burnside Rd, Wiri, Auckland, leased to bed company Slumberzone for four years from September 2019 with fixed twoyearly rental increases of 2 per cent, sold for $10m at a

6.27 per cent yield by Tony Chaudhary, Amy Weng, Janak Darji, Scott Campbell, Bayleys South Auckland; James Hill, Bayleys Auckland.

Tauranga childcare centre

A new childcare centre in Papamoa, Tauranga, has sold for $4.05m at a yield of 5.67 per cent. The property, at 32-38 Te Wharo Dr and 20 Hills View Dr, comprises some 507sq m of improvements on a freehold site of 2209sq m. The deal was brokered by Grant White of Colliers International Tauranga and Mat Gibbard of the Colliers Rotorua.

Retail block

820sq m single-level retail block with seven car parks and five tenancies on long-term leases including Hallenstein Brothers and telecommunications service

2degrees on 1004sq m town centre site, at 10-16 Horomatangi St, Taupo, sold for $4.05m at a 5.31 per cent yield by Gary Harwood, Bayleys Taupo.

Character villa

615sq m character villa on 1247sq m in double grammar zone with 14 car parks at 587 Mount Eden Rd, Mount Eden, Auckland, reconfigured to accommodate four commercial tenancies, sold for $3.9m at a 4.23 per cent yield by Alan Haydock, Phil Haydock, Bayleys Auckland.

Value-add industrial

An industrial property at 14 Cortina Pl, Pakuranga, Auckland sold for $1.13m at a yield of 4.4 per cent. The property comprises a 360sq m workshop/office on a 400sq m freehold site near Pakuranga Plaza. The sale was brokered by Simon Child, Gareth Fraser and Matthew Barnes of Colliers International.

Four tenancies

1357sq m industrial premises with medium-stud warehousing and roller door access to each of the four tenancies, plus offices/showroom on 2194sq m light industry zoned site, at 126 Newton St, Mt Maunganui, sold for $3.65m at a 4.61 per cent yield by Graeme Coleman, Bayleys Tauranga.

Office building

815sq m office building on 1072sq m site plus basement parking for 24 cars, at 8 Mountwell Cres, Mt Wellington, Auckland, sold with vacant possession for $3.2m by Greg Hall, James Valintine, Bayleys Auckland.

Industrial unit

Vacant 543sq m industrial unit with 265sq m of medium and low stud warehousing plus 278sq m of offices over two-levels and seismic assessment of 100 per cent of NBS plus 11 car parks at Unit 3E Tait Pl, Albany, Auckland, sold for $1.56m by Nicky Joyce and Matt Mimmack, Bayleys North Shore.